Mar 05, 2015 at 10:45 | Source: Moneycontrol.com
Equity Mutual Funds declined as the benchmark indices nosedived in the last hour of trade on Wednesday after touching record highs earlier in the day spurred by the 25 basis point repo rate cut.
Mar 03, 2015 at 16:50 | Source: PTI
A total of 44,07,193 non-filers for assessment year 2013-14 who are expected to file their tax returns by March 31, the closing date for fiscal 2014-15, are on the radar of the I-T department. "Over 44 lakh filers have potential tax liabilities.
Mar 03, 2015 at 15:04 | Source: PTI
The mutual fund industry may witness several mergers of schemes in coming weeks after the Budget proposed an exemption from capital gains tax in case of amalgamation of funds with similar features.
Mar 02, 2015 at 18:43 | Source: PTI
Explaining the benefits, a global senior tax consultant Aditya Hans said, "the basic rate of taxing income of non-residents in the nature of royalty and FTS from 25 percent to 10 percent on a gross basis will encourage foreign companies to go in for technology transfer to India.
Mar 01, 2015 at 12:41 | Source: Reuters
India, keen to rekindle economic growth, wooed foreign investors on Saturday with a budget that delayed controversial rules to target tax avoidance and maintained lower taxes on income from debt investments.
Feb 28, 2015 at 19:54 | Source: Moneycontrol.com
The reduction in corporate tax from 30 percent to 25 percent over a four years period is very appreciable The move to reduce the burden on younger companies by reduction in the rate on income tax on royalty and fees for technical services to 10 percent from 25 percent is very positive, says Rakesh Deshmukh, CEO and Co-Founder, Firstouch.
Feb 28, 2015 at 16:42 | Source: Moneycontrol.com
Finance Bill: 1) Preliminary 2) Rates of Income Tax 3) Income Tax and Wealth Tax 4) Customs and Excise 5) Service Tax.
Feb 28, 2015 at 15:47 | Source: Moneycontrol.com
Despite no apparent mention of income tax incentive for the common man, finance minister Arun Jaitley provided certain reliefs, that will put extra cash in hands.
Feb 28, 2015 at 15:41 | Source: PTI
In the first full-year Budget of the NDA government that shunned populism, he proposed no changes in personal and corporate income-tax rates for 2015-16 but extended benefits to middle-class by increasing the limit of deduction on health insurance premium from Rs 15,000 to Rs 20,000.
Feb 28, 2015 at 15:25 | Source: PTI
The Finance Minister counted five major challenges faced by the Indian economy which are agricultural income under stress, weak private sector investment in infrastructure, decline in manufacturing, resource crunch in view of higher devolution in taxes to states and maintaining fiscal discipline.